Grains Report 04/29/2025

DJ USDA Grain Inspections for Export in Metric Tons – Apr 28
WA_GR101
Washington, DC Mon April 28, 2025 USDA Market News
COUNTRY OF DESTINATION IS REPORTED AS KNOWN AT THE TIME OF EXPORTATION.
INFORMATION CONTAINED IN THIS REPORT REFLECTS EXPORTED GRAIN INSPECTED
AND WEIGHED THROUGH THE AUTHORITY UNDER THE U.S. GRAIN STANDARDS ACT.
NO ADDITIONAL ANALYSIS, COMPILATIONS OR DATA IS AVAILABLE
GRAINS INSPECTED AND/OR WEIGHED FOR EXPORT
REPORTED IN WEEK ENDING APR 24, 2025
— METRIC TONS —
————————————————————————-
CURRENT PREVIOUS
———– WEEK ENDING ———- MARKET YEAR MARKET YEAR
GRAIN 04/24/2025 04/17/2025 04/25/2024 TO DATE TO DATE
BARLEY 122 0 0 10,209 2,180
CORN 1,654,613 1,726,344 1,298,351 40,895,343 31,706,903
FLAXSEED 24 24 0 432 24
MIXED 0 0 0 122 572
OATS 0 0 0 647 3,994
RYE 0 0 0 0 72
SORGHUM 22,477 171 72,212 1,644,148 4,443,197
SOYBEANS 439,341 559,813 276,092 43,118,747 38,741,608
SUNFLOWER 0 0 576 0 5,237
WHEAT 646,564 510,250 502,769 19,459,118 16,943,251
Total 2,763,141 2,796,602 2,150,000 105,128,766 91,847,038

This Week Last Week Last Year Average
Cotton Planted 15 11 14 14
Corn Planted 24 12 25 22
Corn Emerged 5 2 6 4
Soybeans Planted 18 8 17 12
Sorghum Planted 21 17 19 19
Rice Planted 64 48 70 51
Rice Emerged 42 28 46 31
Peanuts Planted 8 3 8 7
Sugarbeets Planted 54 21 60 38
Oats Planted 61 53 61 53
Oats Emerged 37 31 41 35
Winter Wheat Headed 27 15 28 22
Spring Wheat Planted 30 17 31 21
Spring Wheat Emerged 5 2 5 5
Barley Planted 37 26 33 29
Barley Emerged 9 3 5 7

Very Poor Poor Fair Good Excellent
Winter Wheat This Week 5 14 32 40 9
Winter Wheat Last Week 6 15 34 38 7
Winter Wheat Last Year 5 11 35 43 6

WHEAT
General Comments: All three markets closed lower yesterday as the weather for growing crops improved with more reports of and forecasts for showers in western growing areas. Crops in the Great Plains are reported to be in good condition. Rain has become much less in the southern Midwest and Mid South. Chart trends are mixed in Winter Wheat markets and in Minneapolis. Traders keep talking about a tight market as a reason to support prices, but enough Wheat has always been available to the market and demand for US Wheat in export markets has been poor. Dry outlooks for the Black Sea regions are still a main feature. Overall demand for world Wheat has been weak.
Overnight News:
Chart Analysis: Trends in Chicago are mixed to down. Support is at 512, 506, and 500 May, with resistance at 537, 548, and 556 May. Trends in Kansas City are down. Support is at 530, 524, and 518 May, with resistance at 548, 556, and 569 May. Trends in Minneapolis are mixed to down. Support is at 578, 573, and 567 May, and resistance is at 601, 604, and 613 May.

RICE:
General Comments: Rice closed lower yesterday on increased speculative selling. The cash market has been slow with mostly quiet domestic markets and average export demand. Export sales have not been strong, and domestic demand is not strong enough right now to bid prices any higher. Milling quality of the Rice remains below industry standards and it takes more Rough Rice to create the grain for sale to stores and exporters. Rice is planted in southern growing areas now and is about half done farther to the north.
Overnight News:
Chart Analysis: Trends are down. Support is at 1191, 1176, and 1164 May and resistance is at 1323, 1338, and 1359 May.

CORN AND OATS
General Comments: Corn closed a little lower yesterday, and the market also reacted to better planting weather in the Midwest. Trump keeps talking about cutting deals on the tariffs, but nothing has been announced yet. Demand for Corn in domestic and world markets remains strong with sales of above 1.0 million tons in the latest reporting week. It is dry in growing areas in western US, but most of the Midwest has had precipitation lately and eastern and southern areas are drying out after being too wet. It has become warmer in much of the Midwest and planting progress is expected to be much improved this week, but rain remains in the forecast. Oats were higher, and the trends are mixed in this market.
Overnight News: Spain bought 120,000 tons of US Corn.
Chart Analysis: Trends in Corn are mixed to up. Support is at 470, 461, and 454 May, and resistance is at 481, 492, and 500 May. Trends in Oats are mixed to up. Support is at 349, 339, and 335 May, and resistance is at 371, 380, and 385 May.

SOYBEANS
General Comments: Soybeans and Soybean Meal were mixed yesterday, and Soybean Oil closed higher as the market reacted to news of better demand due to high Brazil FOB premiums as well as the news from the president that the US could potentially greatly reduce tariffs on China. Soybean Oil was higher on hopes or a new deal on green fuels that could pass the congress. The reports of demand have remained solid for US Soybeans as China has been taking almost all the export from South America. Deferred months were lower as the weather is forecast to be much better for planting after this week. Warmer temperatures are expected this weekend.
Overnight News Unknown destinations bought 110,000 tons of US Soybeans.
Analysis: Trends in Soybeans are up Support is at 1028, 1011, and 991 May, and resistance is at 1058, 1067, and 1073 May. Trends in Soybean Meal are up. Support is at 286.00, 280.00, and 277.00 May, and resistance is at 295.00, 299.00, and 302.00 May. Trends in Soybean Oil are mixed to up. Support is at 4740, 4580, and 4440 May, with resistance at 5070, 5100, and 5150 May.

PALM OIL AND CANOLA
General Comments: Palm Oil futures were lower today on speculative selling. There is talk of reduced supplies in the market. Chart trends are mixed. Canola was mixed yesterday and traded at new highs for the move early in the session. Trends are still up on the daily charts and weekly charts. Canadian goods were exempted from the new round of tariffs but still must deal with the tariffs previously imposed by the US. The weather has generally been good for planting in the Prairies but it is too dry in some areas.
Overnight News:
Chart Analysis: Trends in Canola are up. Support is at 680.00, 674.00, and 655.00 May, with resistance at 702.00, 708.00, and 714.00 May. Trends in Palm Oil are mixed. Support is at 3910, 3790, and 3870 June, with resistance at 4130, 4230, and 4280 June.

Midwest Weather Forecast Mostly dry conditions today but big rains possible tonight. Temperatures should average above normal.

DJ Malaysian PM Cash Market Prices for Palm Oil – April 29
The following are prices for Malaysian palm oil in the cash market at 1000 GMT Tuesday, supplied by commodity broker Matthes & Porton Bhd.
Prices are quoted in U.S. dollars a metric ton, except for crude palm oil and palm kernel oil, which are in ringgit a ton. Palm kernel oil prices are in ringgit a pikul, a Malaysian measurement equivalent to 60 kilograms.
Refined, bleached and deodorized palm oil, FOB, Malaysian ports
Offer Change Bid Change Traded
May 987.50 -02.50 Unquoted – –
Jun 975.00 -05.00 Unquoted – –
Jul/Aug/Sep 960.00 00.00 Unquoted – –
Oct/Nov/Dec 962.50 00.00 Unquoted – –
Jan/Feb/Mar 972.50 +02.50 Unquoted – –
RBD palm olein, FOB, Malaysian ports
Offer Change Bid Change Traded
May 992.50 -02.50 Unquoted – –
Jun 980.00 -05.00 Unquoted – –
Jul/Aug/Sep 965.00 00.00 Unquoted – –
Oct/Nov/Dec 967.50 00.00 Unquoted – –
Jan/Feb/Mar 977.50 +02.50 Unquoted – –
RBD palm stearin, FOB, Malaysian ports
Offer Change Bid Change Traded
May 965.00 00.00 Unquoted – –
Palm Fatty Acid Distillate, FOB Malaysian ports
Offer Change Bid Change Traded
May 930.00 00.00 Unquoted – –
Crude palm oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 4,100.00 -50.00 Unquoted – –
Palm kernel oil, Delivered Basis, South Malaysia
Offer Change Bid Change Traded
May 472.00 -04.00 Unquoted – –
($1=MYR4.3253)

DJ China Dalian Grain Futures Closing Prices, Volume – Apr 29
Soybean No. 1
Turnover: 300,601 lots, or 12.57 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-25 4,180 4,195 4,123 4,131 4,186 4,148 -38 5,967 10,504
Jul-25 4,219 4,228 4,156 4,162 4,221 4,180 -41 201,561 168,541
Sep-25 4,234 4,245 4,172 4,178 4,239 4,198 -41 79,070 96,483
Nov-25 4,176 4,176 4,107 4,110 4,182 4,128 -54 8,722 39,726
Jan-26 4,168 4,171 4,110 4,110 4,178 4,126 -52 2,161 5,151
Mar-26 4,173 4,173 4,113 4,116 4,185 4,132 -53 3,120 2,624
Corn
Turnover: 1,023,109 lots, or 24.11 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-25 2,315 2,328 2,311 2,313 2,306 2,318 12 69,978 176,290
Jul-25 2,355 2,370 2,353 2,355 2,353 2,360 7 753,148 1,464,727
Sep-25 2,377 2,387 2,373 2,376 2,369 2,380 11 128,416 362,565
Nov-25 2,316 2,320 2,309 2,315 2,306 2,314 8 36,441 191,527
Jan-26 2,296 2,300 2,288 2,290 2,290 2,294 4 21,273 55,420
Mar-26 2,292 2,299 2,285 2,289 2,287 2,293 6 13,853 20,948
Soymeal
Turnover: 1,916,047 lots, or 56.67 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-25 2,868 2,877 2,832 2,833 2,900 2,855 -45 108,196 97,928
Jul-25 2,829 2,845 2,809 2,816 2,843 2,827 -16 196,754 531,687
Aug-25 2,968 2,979 2,949 2,951 2,981 2,964 -17 19,103 177,265
Sep-25 2,985 2,992 2,961 2,964 2,998 2,977 -21 1,405,713 2,473,108
Nov-25 3,010 3,020 2,990 2,993 3,025 3,008 -17 34,838 282,023
Dec-25 3,030 3,045 3,019 3,023 3,043 3,031 -12 9,448 81,840
Jan-26 3,017 3,030 3,003 3,008 3,028 3,015 -13 127,842 532,556
Mar-26 2,895 2,905 2,885 2,889 2,901 2,894 -7 14,153 90,581
Palm Oil
Turnover: 579,461 lots, or 47.33 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-25 8,596 8,596 8,502 8,506 8,646 8,560 -86 6,533 4,074
Jun-25 8,442 8,480 8,396 8,414 8,486 8,434 -52 3,657 7,254
Jul-25 8,346 8,356 8,266 8,272 8,382 8,304 -78 2,575 9,188
Aug-25 8,302 8,302 8,188 8,188 8,310 8,228 -82 149 792
Sep-25 8,200 8,208 8,116 8,120 8,262 8,162 -100 550,788 376,072
Oct-25 8,202 8,202 8,102 8,104 8,254 8,142 -112 100 1,067
Nov-25 8,160 8,160 8,094 8,096 8,234 8,120 -114 50 745
Dec-25 8,140 8,162 8,098 8,098 8,200 8,128 -72 24 207
Jan-26 8,166 8,166 8,080 8,090 8,220 8,124 -96 15,492 75,039
Feb-26 8,142 8,146 8,090 8,098 8,230 8,110 -120 32 818
Mar-26 8,118 8,134 8,086 8,086 8,216 8,118 -98 30 95
Apr-26 8,078 8,212 8,076 8,084 8,220 8,120 -100 31 49
Soybean Oil
Turnover: 342,650 lots, or 26.78 billion yuan
Open High Low Close Prev. Settle Ch. Vol Open
Settle Interest
May-25 7,942 7,942 7,858 7,860 7,912 7,894 -18 8,040 5,489
Jul-25 7,796 7,822 7,764 7,768 7,818 7,792 -26 6,624 18,483
Aug-25 7,826 7,850 7,778 7,780 7,856 7,812 -44 942 6,174
Sep-25 7,822 7,852 7,776 7,780 7,846 7,818 -28 303,370 605,113
Nov-25 7,846 7,868 7,800 7,802 7,896 7,836 -60 114 1,931
Dec-25 7,836 7,842 7,800 7,806 7,840 7,816 -24 34 226
Jan-26 7,750 7,780 7,714 7,718 7,774 7,748 -26 23,443 96,894
Mar-26 7,702 7,722 7,686 7,686 7,712 7,706 -6 83 670
Notes:
1) Unit is Chinese yuan a metric ton;
2) Ch. is day’s settlement minus previous settlement;
3) Volume and open interest are in lots;
4) One lot is equivalent to 10 metric tons.

Questions? Ask Jack Scoville today at 312-264-4322